Alliance is offering to pay lenders 4 percentage points to
4.25 percentage points more than the London interbank offered
rate, with a 1.5 percent minimum on the lending benchmark,
according to data compiled by Bloomberg. The loan is expected to
price at 99 cents on the dollar.

Barclays Plc, Deutsche Bank AG and SunTrust Banks Inc. are
arranging the deal for the Newport Beach, California-based
company, the data show. The facility will include a $120 million
revolving line of credit.

A term loan B is sold mainly to non-bank lenders such as
collateralized loan obligations, bank loan mutual funds and
hedge funds. In a revolving credit, money can be borrowed again
once it’s repaid; in a term loan, it can’t.